Badger Meter, Inc. (BMI) vs MKS Inc. (MKSI)

Badger Meter, Inc. and MKS Inc. are both Scientific & Technical Instruments companies. MKS Inc. is the larger, with a market value of $13.9B against $4.4B — 3.2× the size. MKS Inc. trades at the lower P/E: 31.4× against 35.1×. MKS Inc. grew revenue faster over the last twelve months: 16.3% against −2.21%. Badger Meter, Inc. has the higher net margin (14.4% vs 10.1%) and the higher return on invested capital (17.7% vs 6.74%). Both pay a dividend; Badger Meter, Inc. yields more (1.07% vs 0.47%). Across the 23 metrics below, Badger Meter, Inc. leads on 12 and MKS Inc. on 11.

Valuation

Metric BMI MKSI Scientific & Technical Instruments median
P/E 35.07 31.36 31.41
P/S 4.98 3.18 4.70
P/B 6.74 4.63 3.26
Price to free cash flow 30.80 30.22 28.46
EV/EBITDA 21.25 16.42 19.55
EV/Sales 4.90 3.95 4.93
Earnings yield 2.85% 3.19% 0.68%
Free cash flow yield 3.25% 3.31% 1.81%

Profitability

Metric BMI MKSI Scientific & Technical Instruments median
Gross margin 41.64% 46.96% 46.96%
Operating margin 18.76% 15.69% 8.96%
Net margin 14.36% 10.12% 1.92%
Free cash flow margin 16.16% 10.53% 10.53%
Return on equity 18.70% 15.88% 2.66%
Return on assets 13.17% 4.95% 1.12%
Return on invested capital 17.72% 6.74% 4.67%

Growth

Metric BMI MKSI Scientific & Technical Instruments median
Revenue growth (TTM) (2.21%) 16.26% 9.26%
EPS growth (last fiscal year) 13.24% 55.52% 13.24%
Revenue growth, 5-year CAGR 16.59% 11.03% 7.89%
Net income growth, 5-year CAGR 23.48% (3.36%) 0.00%

Health

Metric BMI MKSI Scientific & Technical Instruments median
Debt to equity 0.00 1.32 0.00
Current ratio 2.48 1.14 2.31
Net debt to EBITDA (1.04) 3.93 0.45

Dividend

Metric BMI MKSI Scientific & Technical Instruments median
Dividend yield 1.07% 0.47% 0.55%
Payout ratio 0.38 0.15 0.29

Size

Metric BMI MKSI Scientific & Technical Instruments median
Market cap 4.36b 13.87b 682.53m

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